37 A company has the following loans in place throughout the year ended 31 December 2014. GHSm 10% bank loan 140 8% bank loan 200 On 1 July 2014 GHS50m was drawn down for construction of a qualifying...

37 A company has the following loans in place throughout the year ended 31 December 2014.

GHSm

10% bank loan                                                                                      140

8% bank loan                                                                                       200

On 1 July 2014 GHS50m was drawn down for construction of a qualifying asset which was completed during 2015. What amount should be capitalised as borrowing costs at 31 December 2014 in respect of

this asset?

A GHS5.6m

B GHS2.8m

C GHS4.4m

D GHS2.2m